Investment activity in qualifiedopportunity zones has rebounded as states across the nation relaxsocial distancing and shelter-in-place restrictions put in place tocombat the coronavirus pandemic, according to a leading duediligence commercial real estate firm.
Not surprisingly, investments and ongoing projects in qualifiedopportunity zones — economically distressed communities where newinvestments are eligible for tax abatements or capital gainsdeferrals — declined in March as the stock market plummeted.
But this spring, the qualifiedopportunity zone program became the most active in the commercialreal estate market as investors took capital gains from moneypulled out of the stock market and funneled it into qualifiedopportunity zones or qualified opportunity zone funds, according toDallas-based BBG.
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R. Robin McDonald
Daily Report reporter R. Robin McDonald's journalism career includes stints as a staff writer at The Atlanta Journal-Constitution, The Fort Worth Star-Telegram, The Wichita Eagle, and The Anniston Star and as a trial tracker at CourtTV and CNN. She is the author of two true crime books -- Black Widow: The True Story of the Hilley Poisonings and Secrets Never Lie: The Death of Sara Tokars.
